Transamerica Advisory Annuity
What is the Transamerica Advisory Annuity?
Building a solid financial foundation is the first step to living your best life in retirement. An annuity may be a smart option to help you achieve your goals. The Transamerica Advisory Annuity℠ offers some of the best annuity features — such as the opportunity to grow your money tax-deferred over time and generate income for life — at an attractive price point.
Make the most of your investment
Lower costs
Average annual costs and fees are more than 70% lower than the industry average, helping you maximize your investor dollars.
Tax deferral
Pay no taxes until you take withdrawals. Until then, your entire investment can be focused on growth potential, including non-taxed investment changes. That's more of your money working for you.
No hidden or early cancellation fees
Take advantage of additional flexibility and savings with no built-in commissions or surrender charges for early cancellation or withdrawals.
Sound investment choices
Tap into the expertise of well-known money managers with investment options and portfolios designed with your goals in mind.
Stability
Have confidence knowing you’re getting an annuity issued by a highly rated insurer.
Protection for loved ones
Plan a legacy with the opportunity to provide an optional death benefit for your heirs.
You deserve the freedom to choose
This variable annuity may help you make the most of your investing dollars and the tax benefits in multiple ways.
Key features
Investment options
A comprehensive investment lineup from recognized money managers.
Optional automatic asset rebalancing
Maintains your chosen asset allocation by automatically transferring money between investments on a regular basis without generating a taxable event.1
Dollar cost averaging
Dollar cost averaging allows you to invest gradually but consistently over time. Generally, you’ll buy more when prices are low and less when prices are high, potentially lowering the average cost of your overall investment.2
Transfers
You can make unlimited transfers between subaccounts each year during accumulation without paying a fee.3
Annuitization
With an annuitized policy, you can receive guaranteed lifetime payments through a variety of payment schedules and options.
Policy value
Our lower cost death benefit option will pay beneficiaries the policy value when we receive proof of death.
Return of premium
Our guaranteed death benefit option will pay beneficiaries the total of all premiums paid, less any adjusted partial withdrawals.
Details
Issue age
Policy Value Death Benefit: 0–95
Return of Premium Death Benefit: 0–75
Minimum initial premium
$1,000 (Qualified)
$5,000 (Nonqualified)
Minimum subsequent premiums
$50
Maximum subsequent premiums (per policy year after 1st policy anniversary)
$25,000 (Nonqualified), Lesser of $60,000 or IRS contribution limit (Qualified)
Maximum cumulative premiums
Policy Value Death Benefit: $5 million (issue ages 0–95) without prior approval
Return of Premium Death Benefit: $1 million (issue ages 0–75) without prior approval
Annual mortality and expense fee and administrative charge (M&E&A)
0.27% (Policy Value Death Benefit)
0.47% (Return of Premium Death Benefit)
Annual service charge
$25 (Lesser of current service charge or 2% of policy value)
The service charge will be waived if the policy value or premiums less withdrawals is equal to or greater than $25,000.
Withdrawal amount available without surrender charge
Unlimited
No surrender charges
Investment option management fee
Please see prospectus for details.
A variable annuity may help enhance your portfolio
Why consider a variable annuity
Build extra retirement savings and an excellent source of income in retirement.
Why Transamerica Advisory Annuity?
Get tax-deferred growth and tax-advantaged legacy planning.
As easy as 1, 2, 3
Open your Transamerica Advisory Annuity in three simple steps.
Step 1
Download and complete the application and required supporting materials.
Applications
Complete an application based on your state of residence.
Step 2
Beneficiaries and trusts
Complete these forms to name your beneficiaries or if your policy will be contained in a trust.
Transfers
Complete this form if premium payments will come from another existing annuity or life insurance policy.
Replacements
Complete this form if this policy will replace another annuity or life insurance policy.
- Replacement Form – TAA – CA & MA – 81602552 California & Massachusetts
- Replacement Form – TAA – DE 81601736 Delaware
- Replacement Form – TAA – FL Ext 81605507 Florida Ext.1
- Replacement Form - TAA – FL Int. 81605506 Florida Int.2
- Replacement Form – TAA – GA 81604212 Georgia
- Replacement Form – TAA – ID 81602596 Idaho
- Replacement Form – TAA – IN 81605488 Indiana
- Replacement Form – TAA – MN 81602587 Minnesota
- Replacement Form – TAA – NV 81602588 Nevada
- Replacement Form – TAA – PA 81605487 Pennsylvania
- Replacement Form – TAA – Std. 81605490 Standard3
- Replacement Form – TAA – TX 81604213 Texas
- Replacement Form – TAA – WA 81604219 Washington
- Replacement Form – TAA – WY 81604597 Wyoming
Policies over $250,000
Complete this questionnaire if your policy will be of a value over $250,000
Step 3
Once you’ve completed your application, choose how you would like to submit it.
Email: annuitynewbusiness@transamerica.com
Fax: 844-252-1057
Mail:
Transamerica
6400 C Street SW
Cedar Rapids, IA 52499
What's next?
We’ll contact you with any questions we may have about your application. Once you receive your policy in the mail, create a user login to review and manage your annuity contract online.
If you’re a VVA policyholder
This is for our Transamerica VVA policyholders, formerly the Vanguard Variable Annuity, issued and administered by Transamerica.
Important information
Vanguard owns and possesses all rights in the name "Vanguard Variable Annuity."
The Transamerica Value Variable Annuity℠ may be known as the Vanguard Variable Annuity, issued and administered by Transamerica, in your state. All guarantees are based on the claims-paying ability of the issuing insurance company.
Withdrawals of taxable amounts are subject to ordinary income tax and may be subject to a 10% additional federal tax if withdrawn before age 59½.
The preceding information should not be considered to be, and does not constitute, personalized investment advice. It is intended for educational and informational purposes only.
The Transamerica Advisory Annuity is a direct-response variable annuity that cannot be purchased based on the advice or recommendation of Transamerica or other financial professionals.
All policies, living benefits, and forms may vary by state, and may not be available in all states. ICC19 TPVA11IC-0819, ICC19 TRMD12IC-0819, TRMD1200-0819, FRMD12NY-0819, TPVA11FL-0819, and FPVA11NY-0819.